New rules that will curtail access to a state support for distressed homeowners could exacerbate the mortgage debt crisis by pushing more cash-strapped borrowers into arrears, experts have warned.
Minister for Social Protection Joan Burton has signed a commencement order allowing for a change to the eligibility criteria for the Mortgage Interest Supplement. The new rules, which apply since last week, mean struggling borrowers must wait longer to access the state support.
"The new condition...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team